Standard & Poor’s (S & P) graded the BCIE’s credit rating as “positive to stable”, classifying with ‘A’ and ‘A-1’ its international risk ratings in the long and short-term.
According to the statement issued by S & P, this positive outlook shows recent efforts from the Central American Economic Integration Bank (BCIE) to expand its shareholder base, increase its paid-in capital and diversify its loan portfolio. The bank established these goals after the Bank’s Constitutive Agreement amendments came into force on June 9th, 2016.
The agency also highlighted the Bank’s growing importance for Central America and for strengthening the relations between the institution and its shareholders.
In addition, S & P declared that the support of the Bank’s associates is reflected in the timely fee payment and the requests made by Panama and the Dominican Republic to increase their participation in the Bank’s share capital. That will generate new capital in cash for the amount of $ 98.2 million over the next four years.
Furthermore, the prospects for the Bank to continue to strengthen through a new capital increase.